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Cramer: Forget About Buying A Second Home

MainStreet.com, September 10, 2008 — ...Right now the banks are having a hard time securitizing second-home loans. Fannie Mae hasn't been willing to take them, perhaps because of this crisis. They ALWAYS used to have a program set aside for second homes. The banks don't want to get stuck with them.

...When the rich are getting turned down for second-home mortgages, it is a sign that the prices are simply illusory UNLESS you can buy in cash. Perhaps that's next down the road as the price of real estate grounds down.
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Lake Winnipesaukee Rental

Listed by Nathan Rudy


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Address: 17 Stephenson Lane
City: Wolfeboro
State: NH
Zip: 03894
Rate Per Week: 1500
Price: $1,500
Beds: 5
Baths: 1
Floors: 2

Virtual Tour: http://www.maccollslanding.com


Full Description: This rustic five bedroom camp on Lake Winnipesaukee's exclusive and secluded South Wolfeboro Bay with all the amenities can be yours for a little as $1000 a week off season, $1500 in season, $2000 a week for major holidays.

This camp is not for people who are looking for a suburban house and lawn transported to the woods. You'll get city water, electric, full bathroom and kitchen -- but no sheetrock, no lawn, no servants.
Home Features
  • Formal Dining, 
  • Mountain Views , 
  • Balcony, 
  • Cable/Satellite TV, 
  • Dishwasher, 
  • Fireplace, 
  • Hardwood Floors, 
  • Microwave, 
  • Patio/Deck, 
  • Washer/Dryer, 
  • Waterfront
Community Features
  • Boating , 
  • Golf , 
  • Hiking , 
  • Lakefront , 
  • Mountains, 
  • Wilderness , 
  • Bike Paths, 
  • Fitness Center, 
  • Playground/Park, 
  • Tennis Courts
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Listed by: Nathan Rudy
Phone: (908) 561 6386
Homepagehttp://www.maccollslanding.com
Info: A five bedroom classic lake house on secluded and private South Wolfeboro Bay. The camp has 600 feet of private lakefront, full kitchen, bathroom, porch, laundry, and more. Dogs and children welcome.



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